Rite Aid 2016 Annual Report Download - page 139

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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 27, 2016, February 28, 2015 and March 1, 2014
(In thousands, except per share amounts)
19. Multiemployer Plans that Provide Pension Benefits (Continued)
The Company was listed in these plans Forms 5500 as providing more than 5 percent of the total
contributions for the following plans and plan years:
Year Contributions to Plan
Exceeded More Than 5 Percent
of Total Contributions (as of
Pension Fund the Plan’s Year-End)
UFCW Pharmacists, Clerks and Drug Employers Pension Trust ......... 12/31/2014 and 12/31/2013
Southern California United Food and Commercial Workers Unions and
Drug Employers Pension Fund ............................... 12/31/2014 and 12/31/2013
United Food & Commercial Workers Union- Employer Pension Fund .... 9/30/2014 and 9/30/2013
United Food & Commercial Workers Union Local 880—Mercantile
Employers Joint Pension Fund ............................... 9/30/2014 and 9/30/2013
At the date the Company’s financial statements were issued, certain Forms 5500 were not
available.
During fiscal 2016 and 2015, the Company did not withdrawal from any plans or incur any
additional withdrawal liabilities.
During fiscal 2014, the Company incurred an additional withdrawal liability of $1,000 associated
with the withdrawal from the Central Ohio Locals 1059 and 75 effective March 31, 2013.
20. Segment Reporting
Prior to June 24, 2015, the Company’s operations were within one reportable segment. As a result
of the completion of the Acquisition, the Company has realigned its internal management reporting to
reflect two reportable segments, its retail drug stores (‘‘Retail Pharmacy’’), and its pharmacy services
(‘‘Pharmacy Services’’) segments.
The Retail Pharmacy segment’s primary business is the sale of prescription drugs and related
consultation to its customers. Additionally, the Retail Pharmacy segment sells a full selection of health
and beauty aids and personal care products, seasonal merchandise and a large private brand product
line. The Pharmacy Services segment offers a full range of pharmacy benefit management services
including plan design and administration, on both a transparent pass-through model and traditional
model, formulary management and claims processing. Additionally, the Pharmacy Services segment
offers specialty and mail order services, infertility treatment, and drug benefits to eligible beneficiaries
under the federal government’s Medicare Part D program.
The Parent Company’s chief operating decision makers are its Parent Company Chief Executive
Officer, Parent Company President and CEO—Retail Pharmacy, CEO—Pharmacy Services, Chief
Financial Officer and its Senior Executive Vice Presidents (collectively the ‘‘CODM’’). The CODM has
ultimate responsibility for enterprise decisions. The CODM determines, in particular, resource
allocation for, and monitors performance of, the consolidated enterprise, the Retail Pharmacy segment
and the Pharmacy Services segment. The Retail Pharmacy and Pharmacy Services segment managers
have responsibility for operating decisions, allocating resources and assessing performance within their
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